Royal Bank Of Canada Reiterates “Buy” Rating for J P Morgan Chase & Co (JPM)

J P Morgan Chase & Co (NYSE:JPM)‘s stock had its “buy” rating restated by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday.

Several other equities analysts have also recently commented on the stock. Wells Fargo & Company boosted their target price on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Barclays boosted their target price on shares of J P Morgan Chase & Co from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Nomura boosted their target price on shares of J P Morgan Chase & Co from $87.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. Bank of America set a $102.00 target price on shares of J P Morgan Chase & Co and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, Morgan Stanley boosted their target price on shares of J P Morgan Chase & Co from $99.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $92.18.

J P Morgan Chase & Co (NYSE:JPM) opened at $104.62 on Friday. The company has a market cap of $364,078.34, a P/E ratio of 15.12, a PEG ratio of 2.28 and a beta of 1.22. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. J P Morgan Chase & Co has a 12-month low of $81.64 and a 12-month high of $108.40.

J P Morgan Chase & Co (NYSE:JPM) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.76 EPS for the quarter, beating the consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.58 EPS. sell-side analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current fiscal year.

In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of J P Morgan Chase & Co by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 249,887,622 shares of the financial services provider’s stock valued at $22,839,729,000 after purchasing an additional 3,717,683 shares during the last quarter. State Street Corp boosted its stake in shares of J P Morgan Chase & Co by 0.8% in the 1st quarter. State Street Corp now owns 170,534,760 shares of the financial services provider’s stock valued at $14,979,775,000 after purchasing an additional 1,357,194 shares during the last quarter. Northern Trust Corp boosted its stake in shares of J P Morgan Chase & Co by 1.8% in the 2nd quarter. Northern Trust Corp now owns 48,965,734 shares of the financial services provider’s stock valued at $4,475,468,000 after purchasing an additional 847,463 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of J P Morgan Chase & Co by 2.5% in the 2nd quarter. Capital Research Global Investors now owns 31,714,763 shares of the financial services provider’s stock valued at $2,898,729,000 after purchasing an additional 765,082 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of J P Morgan Chase & Co by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 28,683,523 shares of the financial services provider’s stock valued at $2,621,677,000 after purchasing an additional 176,306 shares during the last quarter. Hedge funds and other institutional investors own 73.93% of the company’s stock.

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About J P Morgan Chase & Co

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Analyst Recommendations for J P Morgan Chase & Co (NYSE:JPM)

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